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Let's Hear It for Government Motors GM!

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Author Topic: Let's Hear It for Government Motors GM!  (Read 4204 times)
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Howey
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« Reply #15 on: April 21, 2011, 12:42:07 pm »

Yes and no..


politfact.com

Umm...yeah. WSS!

I ate up the mainstream's reassurance that GM was all good now

Who says it isn't.

it was true, they paid back the 'loan' portion.. the misconception is that they got more than just a 'loan'.. and that other part is still owed..

The "other part" bought the government's stocks in the New GM.

We, meaning the government, may end up losing after the stock sale. Primarily due to the increased gas prices.

But, as I said, what could have been would have been much, much worse.

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